Twitter's Parag Agrawal joins club of Indian-origin CEOs heading top tech giants

News Network
November 30, 2021

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With his elevation as the CEO of Twitter, Parag Agrawal, in whom co-founder of the microblogging giant Jack Dorsey has “bone-deep” trust, joins the growing power club of Indian-origin executives helming US-based global multinationals.

Twitter’s outgoing CEO Dorsey announced on Monday that 37-year old Agrawal, an IIT Mumbai and Stanford University alumnus, will be the company’s new chief executive as he stepped down after 16 years at the company that he co-founded and helmed.

A report in The New York Times said that Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units.

“After almost 16 years of having a role at our company...from co-founder to CEO to Chair to Exec Chair to interim-CEO to CEO...I decided it's finally time for me to leave. Why?

“There's a lot of talk about the importance of a company being 'founder-led.' Ultimately I believe that's severely limiting and a single point of failure. I've worked hard to ensure this company can break away from its founding and founders. There are 3 reasons I believe now is the right time.

“The first is Parag becoming our CEO. The board ran a rigorous process considering all options and unanimously appointed Parag. He's been my choice for some time given how deeply he understands the company and its needs.

Parag has been behind every critical decision that helped turn this company around. He's curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul and is someone I learn from daily. My trust in him as our CEO is bone-deep,” Dorsey said.

Agrawal’s ascension as Twitter CEO puts him in the growing ranks of Indian-origin and Indian-born executives being named to the helm of global multinationals.

In January last year, Indian-born technology executive Arvind Krishna was named Chief Executive Officer of American IT giant IBM after a "world-class succession process", succeeding Virginia Rometty, who had described him as the “right CEO for the next era at IBM” and “well-positioned" to lead the company into the cloud and cognitive era.

Krishna, 59, had joined IBM in 1990 and has an undergraduate degree from the Indian Institute of Technology, Kanpur, and a PhD. in electrical engineering from the University of Illinois at Urbana-Champaign.

In August 2015, Sundar Pichai was named CEO of the newly organised Google, becoming only the third chief executive of the company after former CEO Eric Schmidt and co-founder Larry Page. In December 2019, Pichai became the CEO of Google’s parent company Alphabet.

Pichai wished Dorsey “the very best ahead” and congratulated Agrawal and Board Chair Bret Taylor, saying he is “excited for Twitter's future!”

In February 2014, Microsoft veteran Satya Nadella was named CEO of the technology giant. MasterCard CEO Ajay Banga, PepsiCo’s former CEO Indra Nooyi and Adobe CEO Shantanu Narayen are among the other Indian-origin executives who have climbed up the corporate ladder and helmed multinational giants.

Mumbai-born Agrawal tweeted Monday “Deep gratitude” for Dorsey and the entire team.

In a note posted on Twitter, he said he is “honoured and humbled” on his appointment and expressed gratitude to Dorsey’s “continued mentorship and your friendship.”

Agrawal had joined Twitter 10 years ago when there were fewer than 1,000 employees.

"While it was a decade ago, those days feel like yesterday to me. I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes. But then and now, above all else, I see Twitter's incredible impact, our continued progress, and the exciting opportunities ahead of us,” he said.

“Our purpose has never been more important. Our people and our culture are unlike anything in the world. There is no limit to what we can do together,” he said.

“The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today's news. It is because they care about Twitter and our future, and it's a signal that the work we do here matters,” he said.

A report in The New York Times said Agrawal, who was Twitter’s chief technology officer since 2017, “is little known to the public, with even some Twitter insiders saying they were surprised by his appointment."

But behind the scenes, the India-born engineer has been a Twitter veteran and confidant of Dorsey who has been involved in many of the company’s biggest strategic initiatives, it said.

The NYT report said that in 2005, Agrawal moved to the United States and pursued a doctorate in computer science while enrolled at Stanford University.

“Even among students at Stanford, Agrawal stood out for his strong grasp of the math and the theory that underpins computer science,” the NYT report quoted Jennifer Widom, who led the research lab and served as his thesis adviser, as saying.

As CTO, Agrawal was responsible for Twitter’s technical strategy, leading work to improve development velocity while advancing the state of Machine Learning across the company.

“Even as chief technology officer, Agrawal has kept a low profile. He worked behind the scenes to rebuild Twitter’s technical infrastructure, which had been cobbled together over the years. That led to engineering problems and prevented the company from introducing new products and services as quickly as it wanted. Agrawal helped Twitter shift to using cloud computing services from Google and Amazon, streamlining its operations,” the NYT report said.

Prior to being appointed CTO, he “had risen to be Twitter's first Distinguished Engineer due to his work across revenue and consumer engineering, including his impact on the re-acceleration of audience growth in 2016 and 2017,” company said.

Agrawal also managed Twitter’s effort to “incorporate cryptocurrencies into the platform, letting users send tips in cryptocurrency like Bitcoin. And he has supported efforts to be transparent about Twitter’s algorithmic mistakes, urging the company to go public with its findings that a photo-cropping algorithm it used was biased,” the NYT report said.

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News Network
January 13,2022

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Lucknow, Jan 13: Uttar Pradesh minister Dharam Singh Saini on Thursday resigned from the BJP, becoming the ninth MLA to break off ties with the saffron party just days ahead of the state assembly polls.

Earlier in the day, Dharam Singh Saini returned the security cover and residence allotted to him by the state government, which set off speculation that he was going to quit the BJP.

Dharam Singh Saini is the Minister of State (Independent Charge), Ayush, Food Security and Drug Administration.

The BJP’s Uttar Pradesh unit has witnessed a string of defections over the last few days, starting with cabinet minister Swami Prasad Maurya. At the time, Maurya had said that many more legislators would follow suit.

He said he was resigning due to "gross neglect" towards Dalits, backwards, farmers, unemployed youth and small traders. Over the following days, several other BJP MLAs Brajesh Prajapati, Roshan Lal Varma, Bhagwati Sagar, Mukesh Verma, Vinay Shakya among others, quit the party.

OBC leader Dara Singh Chauhan resigned on Wednesday from the Yogi Adityanath cabinet and appeared to be headed towards the Samajwadi Party. Chauhan said he had worked with dedication for the past five year but Dalits, the OBCs and the unemployed did not get justice from the BJP government.

Dharam Singh Saini is said to be a close aide of Maurya.

Earlier, Suheldev Bharatiya Samaj Party (SBSP) chief Om Prakash Rajbhar claimed that one to two ministers would quit the Yogi Adityanath Cabinet daily and this figure would go up to 18 by January 20. Rajbhar has struck an alliance with the Samajwadi Party for the 2022 assembly elections.

The Uttar Pradesh Assembly elections will be held in seven phases. Polling will be held from February 10 and the counting of votes will take place on March 10. 

Earlier, Shikohabad MLA and backward caste leader Dr Mukesh Verma has resigned from the party. "Swami Prasad Maurya is our leader. We will support whatever decision he takes. Many other leaders will join us in the coming days," Verma said.

In his letter addressed to the state BJP president, Varma alleged that the Yogi Adityanath government, in the past five years, has failed to address the problems of weaker sections, youth, farmers, Dalits and OBCs.

He said small traders and businessmen had suffered in the regime.

OBC leader Dara Singh Chauhan resigned Wednesday from the Yogi Adityanath cabinet and appeared to be headed towards the Samajwadi Party.

A day earlier, as BJP leaders brainstormed in Delhi on the UP assembly polls, Swami Prasad Maurya, also a prominent Other Backward Class leader, had quit the state cabinet.

Three other BJP MLAs announced their resignation from the party, seemingly in Maurya's support.

Yet another BJP MLA, Avtar Singh Bhadana, quit the party on Wednesday and is joining the Rashtriya Lok Dal, an SP ally.

But two Uttar Pradesh MLAs – Naresh Saini from the Congress and Hari Om Yadav from the SP – joined the BJP on Wednesday, a welcome development for the ruling party as it deals with the sudden defections from its ranks.

Maurya, Dara Singh Chauhan, (both ministers), Roshan Lal Varma, Brijendra Prajapati, Bhagwati Sharan Sagar, Vinay Shakya and Avatar Singh Bhadana resigned in past two days.

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News Network
January 10,2022

UAE has announced a travel ban on unvaccinated citizens from January 10.

The National Crisis & Emergency Management Authority and Ministry of Foreign Affairs & International Cooperation said that fully vaccinated citizens will also need to get the Covid-19 booster dose.

Those who are unable to take the vaccine because of medical reasons are exempted from the decision.

The announcement is in line with the country’s vision in the recovery phase of the pandemic and enhancing national efforts in all sectors, due to the global epidemiological situation and the current high rate of infections, to preserve the health and safety of citizens.

The ministry also stressed the requirement to receive the booster dose for vaccinated citizens as per the national protocol on travel.

Travel is permitted for unvaccinated citizens of the following categories, citizens medically exempted from taking the vaccine, humanitarian cases, and individuals traveling from medical and treatment purposes.

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coastaldigest.com news network
January 11,2022

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Mangaluru, Jan 11: Nearly two dozen people were hospitalized after a hazardous gas leakage from a factory at the Baikampady Industrial Area on the outskirts of the city today. 

The incident took place at Everest Seafoods company. It is learnt that ammonia, a colourless gas with a characteristic pungent smell, which dissolves in water to give a strongly alkaline solution, was liked from the company’s plant accidentally.
 
There were around 80 workers employed at the plant. Among them nearly two dozen people reported ill after the leakage. Hence they were taken to hospital.

Authorities concerned and police visited the spot and are investigating the matter.

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